Patcher: Xbox 360 and PS3 “likely” to receive price cut at E3
Microsoft will not announce a new console until the 360 is priced below $200, says analyst.
Wedbush Securities analyst Micheal Patcher believes that Microsoft and Sony are “likely” to announce price cuts for their consoles at E3 this year.
“We expect hardware sales to rebound once price cuts are implemented, but expect a recurrence of the dip next holiday, partially buffered by some modest contribution from the introduction of the PS Vita in February and the Wii U later this year. Recent slowing of Xbox 360 hardware sales could cause Microsoft to consider a price cut by E3,” he said to GamesIndustry International.
“PS3 hardware sales should continue to lag those of the Xbox 360, and we expect sales to trend downward by 10 – 20% monthly, until Sony cuts prices once again, likely at E3.”
While Nintendo will most surely showcase the WiiU at the gaming event, Microsoft’s unveiling of its nex-gen Xbox is not expected, Patcher said, at least not until the Xbox 360 core model reaches a price point below $200.